COMMERCIAL.

New Zealand Times, Volume XXIX, Issue 4262, 17 November 1874, Page 2

COMMERCIAL.

THE BANK OF NEW SOUTH WALES. The forty-eighth general meeting of shareholders was held at the head banking-house, George-street, at noon yesterday, Mr. T. Walker presiding. The following report was read by Mr. S. Smith, general The directors have the -pleasure to submit to the proprietors a statement of the assets and liabilities of the bank on the 30th ultimo, with the auditors' report and declaration— The net profits for the half-year, after deducting rebate on current bills, interest on deposits, providing for bad and doubtful debts, reducing valuation of bank premises, and paying taxes on note circulation, amount

The report having been unanimously adopted on motion by the chairman, the lion. G. Allen, MX.O.. was elected a director, and Messrs. T, Cadell and F. Ml tchell appointed audi ton.—Sidney Morning Herald, 2&tb October.

BY TELEGRAPH. AUCKLAND, Monday. - .Mr. Alexander Saunders reports :—Buyers: Caledonian, 100 s.; City of London, 245.; City of York, 6s. Od. Sellers : Bank of New Zealand, 3005.; National Bank, 705.; Colonial Bank, 125.; Cure, 95.; Fiji Bank, 615.; Bright Smile, 60s. CHEISTCHUECH, Monday. Mr. Do Bonrbell reports :—Share market.—Buyers : National Insurance, 275.; National Bank, OSs.; South British, 48s. 6d.; Standard Insurance, Bs.; Colonial Bank. lis. Sellers : National Insurance, 235.; National Bank, 605.: South British, 495.; Shipping Company, 255.; Standard Insurance, 10s.; Colonial Bank, 12s.

to To which is to be ad £117,598 0 2 ded undivided year .. .. 3,436 13 9 ba lance from last half ttiv "W aaf To ng for distribution £121,034 13 11 hich the directors recommend to be appropriated jIIowb:— jayment of dividend at the rate of 1 i 15 per cent, per an Sonus at the rate c per annum .. .ugmentation of res* :alance carried to I new account.. REC1ATB BALANCE num .. .. £75,000 0 0 f 2£ per cent. 12,500 0 0 ervefund .. 30,000 0, 0 rout and loss, £121,0*4 13 11 Sheet of the Bank of Nbw SOUT h Wales, September 30, 1874 (including London Branch to 30th June, 1874, ana JN'ew Zealand Branches to 7th September, 1874.) Dr. Notes in circulation .. .. 680.507 0 0 Bills payable.. 1,729,386 1110 Deposits and other liabilities .. 7,207,198 IS 4 £11,893,871 18 0 By 2oin and cash balan Ctt. ces .. ..£2,819,379 7 0 Bullion in hand and in transit to Government securities .. ' .. 9,502 19 4 Notes of other banks .. .. 14,301 0 0 Bills receivable, bill* discounted, and other debts duo to the Bank .. ... .. •• 7,582.440 3 2 £11,193,871 18 0 Profit xnj> IjOHD, September 30, 1874. Dr. September 30. , To rebate (at current rates) on bills discounted not due at this date £20,411 10 3 . Dividend at the rate of 15 per cent. Bonus at the rate of 21 per cent. per annum 12,500 0 0 Balance carried to "profit and loss," new account .. .. 3,534 13 11 £147,448 4 2 Cr. March 31. By amount from lost account .. £3,430 13 9 September 30. Ry balance of half-yearly profits after providing forbad and doubtful debts, and Including recoveries from debts previously written . £147,440 i 2